EMQQ Global’s new brand, EMXETF, is making a bet that China’s AI sector deserves its own dedicated investment vehicle. The firm launched the China AI Tigers LLM ETF on August 26, trading on NASDAQ under the ticker TGRZ, with a laser focus on Chinese companies developing large language models, machine learning systems, and the infrastructure that powers them.
The fund requires at least 80% of its assets to be parked in equity securities and derivatives of companies engaged in LLM development and commercialization within China.
What TGRZ is actually buying
The ETF targets companies at the frontier of China’s generative AI buildout. Names like DeepSeek, Kimi (the chatbot from Moonshot AI), and Z.ai, which went public in January 2026, sit squarely in the fund’s crosshairs.
The fund carries an expense ratio of 0.86%. Tidal Investments LLC serves as the adviser, with sub-advisory duties handled by EMQQ Global LLC. Kevin T. Carter manages the fund, bringing EMQQ Global’s two-decade track record in emerging technology and e-commerce investing to the sector.
